Today is the 50th birthday of the enigmatic inventor of Bitcoin, Satoshi Nakamoto. After so many years, nobody has a clue who he really is. But its creation, Bitcoin, has revolutionized the world of finance.
Since the introduction in 2009, Bitcoin has evolved from the technology test to one of the most popular digital currencies. His decentralized character has raised grave discussions about the future of money and if one day classic banking can become antiquated.
Satoshi Nakamoto Birthday: Why is it significant on April 5
According to its ancient profile of the P2p Foundation, the birthday of Satoshi Nakamoto is listed as April 5, 1975 – a date that can have more symbolic weight than the actual truth. What distinguishes April 5? This is the same day in 1933, when President Franklin D. Roosevelt signed the executive ordinance 6102, forcing the Americans to give the Golden Government.
This moment meant a grave transfer of financial force from individuals to the state – a clear contrast with the basic philosophy of Bitcoin. Many believe that Nakamoto deliberately chose this date as a subtle nod to decentralization and a peaceful rebellion against monetary control.
Bitcoin seems to be contrary to this level of control. It is decentralized and its own supply is restricted to 21 million coins. Many believe that Satoshi chose on April 5 as a gesture of moving away from money controlled by the government towards financial freedom.
Bitcoin support great names
Bitcoin is no longer just for technology enthusiasts. Huge corporations and institutions now join the fashionable one. The strategy (previously Microstrategy), for example, is the owner of over 500,000 bitcoins worth billions. Michael Saylor, president and co -founder of the strategy, was a sturdy supporter, often calling Bitcoin as “a safer and more powerful value magazine” than an American dollar.
Source: Gemini Imagen
Even Blackrock, the biggest asset manager around the world, is interested. CEO of Larry Fink has just stated that Bitcoin can compete with the dollar. He cited increased debt and inflation in the US, because the reasons why more people can accumulate for Bitcoin.
Hedge in uncertain times
With the escalate in the concerns related to inflation, the growing number of people addresses Bitcoins as a way to protect their funds. Unlike classic currencies, which can be printed by no restrictions, Bitcoin is restricted. This prompted some to compare it to gold.
Would Bitcoin replace the dollar?
When Bitcoin continues to appreciate the value and popularity – just as the mystery surrounding Satoshi Nakamoto deepens – there is a lot of talk about his place in the future world economy.
Some even think that this can dethrone the American dollar as a chosen currency of the world. This is still a huge “maybe”. However, supporters of Bitcoin say that his decentralized character and inseparable shortage make him a grave player to be a long -term player in the financial world.
A distinguished picture from Gemini Imagen, chart from TradingView
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